Extendam backs Gault & Millau's SBO

Extendam supported the company's SBO, which sees Côme de Chérisey become president of the group, after five years as its CEO.

The transaction marks the exit of Otium and its chairman Pierre-Édouard Stérin, which invested in the group in 2009. Family offices reportedly also took part in the current deal, alongside main investor Extendam.

Since becoming CEO in 2011, de Chérisey modernised the company's structure significantly, developing an internal marketing and communications agency servicing the group's network of chefs, restaurants and brands.

The group's new activities – aside from the traditional guide – thus now represent 70% of its total turnover, as opposed to 30% prior to de Chérisey's management.

With Extendam's backing, he will continue to expand the group's international reputation and outreach.

Previous funding
In January 2009, Otium provided a round of growth capital to Gault & Millau in an expansion deal, through which it acquired a majority stake in the group.

Company
Founded in 1972, Gault & Millau is a gastronomic guide providing ranking to restaurants and wineries.

Its archives feature more than 10,000 restaurants and 15,000 wines tested every year across 14 European countries and Australia. More than 40,000 copies of its guide are printed each year.

Gault & Millau is headquartered in Courbevoie near Paris and currently generates €10m of turnover.

People
Otium Capital – Pierre-Édouard Stérin (chairperson).
Extendam – Patrick de Roquemaurel (manager); Jaafar Guessous (associate).  

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